/biz/ - Business & Finance

>>16028945
cant ever be globally adopted without chainlink. the sooner the deluded communist vitalik bends the knee the better

>>16029428

Vitalik Buterin Presents Ethereum 2.0: The Three Things You Need to Know
By Sarah Tran Oct 18, 2019

“Even if Ethereum 2.0 was delayed by another two or three years, this thing could carry us all the way until then,” said Buterin.

https://blockchain.news/Post?id=vitalik-buterin-presents-ethereum-2.0-the-three-things-you-need-to-know

>>16028945
can anyone explain ETH 2.0 to me like im the retard that i am?

Ethernum

>>16029457
Car go faster

efrum
f
r
u
m

>>16028945
straight to $500

>>16029457
You have this bag and it weighs 20 pounds right now but in a year or two its going to weigh 20 tons. You cant carry that bag only the few divines walking among us can carry it so the Moneygod of Bones will split the bag in to smaller bags and everyone can carry part of it.

>>16029456
nothing eth does can stop chainlink at this point.


how mad?

>>16029466
thank you brain fren. will put a few more neet bucks into it

>>16029457
Basically just makes eth fast and able to handle more traffic. Its a new coin though. For slme reason people tbink thats na issue when all that will need to be done is a token swap.

>>16029456
vitalik shilling with a desperation befitting the average eth bagholding reddit cuck. get the fuck off this board with your pathetic bagholding reddit pasta you mongloidian nigger

>>16029457
the scaling part of ETH 2.0 is not even PLANNED to launch until 2022 or later. translation: eth will not and cannot scale until 2022 or after. translation: cryptokitties tier popularity will cripple the network today, next month, next year, the year after that, the year after that ad infonitum until and IF they figure out how to successfully shard. 2022

>>16029538
so token prices up or down if not resolved?

>>16029457

fast roads with 8x more lanes
But first you build 1 MAIN road (becon chain Q1 2020)
You swap eth 1 for eth 2 and secure it by staking
Staking brings 1.7% if everyone stakes and 87%+ if noone stakes so if 20% ppl stake around 4-7%
2021 we ad shards (more roads) 64 of them
2021 eth1 connects to eth 2 as 1 of the roads
2021-2022 we add smart contracts for all 64 roads
you can go to main road from old one (eth 1 to 2) but no going back (maybe by arbitrage if someone wants to swap same car on old road to car on new one for small fee)
By cars passing by telling other cars locations of cars in trafic (optimistic rollups) we bump speed limit for road by 5x
64 roads can swap cars whispering just what model of car you need to swap (m. whitness)

all in all in next 1-2.,5 years eth goes from low 3k to hi 100k tps so avrg 55k kish...

Its simple really before you start thinking about all layer 2 solutions

>>16029538
From what I understand they know how to and could shard tomorrow but miners dont want to. So they are trying to find a compromise.

>>16029576
>i'm sure there will be no further delays. >i'm sure devs will not build on a more performant more secure more scalable platform with morecapability more decentralization and lower txn fees
you do the math

>>16029538
bitching about cryptokitties clogging ethereum is the litmus test for dunning-kruger opinions about this
the gas market performed as intended during the initial rush. the network literally never slowed down or crashed. newbies letting their gas price autosuggested to 20 by primitive wallets got their tx stuck for a while, that's about it. worth noting at 100 gas price, ethereum transactions were still cheaper than bitcoin
no later than the next weekend, eth devs of all stripes came up with network improvements to drive down the costs and increase thoroughput
three weeks later, costs were back to normal
then for the following year and a half, regular improvements were made
hundreds of dapps have been running on layer 1. layer 2 solutions have matured through 2018, and some popular dapps seamlessly run millions of transactions there
ofc, if you're the average btc bagholding retard who gets your news from coindesk, you don't know that. more importantly, you don't WANT to know that. after king shitcoin has been gimped into a purely speculative tool for market manipulators, you have to cling to the store of value narrative for dear life. ignore all information, refuse to learn, stick to debunked talking points. bitch about the 2016 DAO while the 2018 parity bailout failed. complain about emission rate (that you call inflation, because it's a serious economic term and makes you feel like a serious man talking about serious money - even if any economist could tell you this is not what inflation means), even though by design ethereum emission rate naturally trends towards 0 as we approach infinity, not unlike bitcoin pow stretching decades - save for the fact bitcoin has no plans to deal with decreasing block rewards, except "the price will magically rise forever because deflation". cry about PoS being about the rich, when the minimum level of entry for bitcoin mining is an ASIC farm

very interested to see how PoS affects price after all the shit talking about how it will cause a pump the last few years. i bet it does nothing or dumps lol

>>16029582
shards are 2022 pajeet andtheconnecting bit comes even later. beacon chain adds nothing of vakue other than a desperate grasp at keeping everyone from abandoning ship from a sinking platform.

>>16029594
No fuck miners for all anyone cares let them fork again
Shards can be implemented day after beacon chain problem is communications and sc logic across shards

>>16029599
i expected this utter mongloid level reply. are all mETH heads this stupid. if everyone ignored the suggested gas prices and bid up as you suggest the gas prices would have approached infinity until people gave up and abandoned the platform. god you are a fucking moron

>>16029631
in other wirds it would not work

worth reminding yourself that, while every new chain with smart contract capability claims they've solved the scaling issue, literally ALL of them sacrifice security or decentralization in order to increase tps

>>16029596
>>16029621
Pajet tire lvl 0 thinking
Eth can scale in 2020 and fail or 2025 and succeed -its still solution in search of real problem as all crypto is

I remember days when smartcontracts and icos "just cant be done" btw

>>16029665
once again - another tech illiterate mETH head

>>16029686
not an argument.

>>16029680
so you expect the cryptosphere tw wait patiently for eth to scale in 2025?

>>16029657
>mETHeads bad muh my shitcoin is next eth
KEK we heard you now gtfo

>>16029657
Its 2y old fucking pasta newfag kys

>>16029599
[wall of text] You're just not smart enough to understand how simple and well things are really going on Ethereum

>>16029428
>>16029471
>>16029473
>>16029501
>>16029538
>>16029621
>>16029657
COPE xDDD

>>16029697
just pointing out a mETH head who is abysmally ignorant of the state of the art by several years. as expected

The Jews did 911 and I have irrefutable proof. Here's how. And that's a good thing.

>>16029733
This is also not an argument.

>>16029704
No you are missing point because you got heavy bags of some random shitcoin and you are arguing walls in your head

Im not fucking shilling eth how dumb are you?

>>16029707
>Its 2y old fucking pasta newfag kys
and it's all the mETH heads have. the absolute state of desperation in the reddit-based mETH bagholder community. go back faggot

Eth will Flip BTC and all the plebbitors will commit mass Seppuku, since BTC is reddit's "ourcoin". ETH $20,000 by 2020 q2

>>16029748
no you are missing the point. developers are not going to languish on a horribly underscaled platform for 2-4 more years waiting for it to maybe figure out scaling. that is the point

>>16029784
btc tps = 7
btc marketcap = 155 billion dollars

>>16029740
>literally ALL of them sacrifice security or decentralization in order to increase tps
it actually is dumbass. apparently you are also pathetically ignorant of the state of the art. while true in principle the comment does not encapsulate the fact that the tradeoffs can be pushed way beyond where bitcoin and eth are in terms of decentralization, scale and speed and do so in a way that is far more secure than either bitcoin or eth. this is common knowledge. the earth is also round. you are a dumbass who is out of his depth

>>16029784
Not going to make it.

>>16029784
Yes its real exodus of developers frome the eth to eth kilelrs out there LOL

And other projects doing so much better 1000000 theoretical tps and good teams yes

>>16029809
>yfw you realize security is the most valuable thing in crypto

>>16029809
>digital gold
fit for purpose and good enough
>thinking comparing digital gold to a smart contract platform is a good idea
that's reddit for you

>>16029833
you're right, ETH is not going to make it in time to maintain it's monopoly. it's a common story in business.

>>16029836
you're just embarrassing yourself now

nobody cares about shitcoin eth clones but you bought 100k shitcoins at $.0014 each so i guess its gotta be the solution to all problems

>>16029873
not only will it make it, the community will probably triple in size on the way there lol

>>16029888
I was just thinking, we have been hearing these exact low quality doomposts for 3 years.

>>16029888
>(you)
>2008
>nobody cares about shit-tier myspace clones

>>16029885
How so there is literally more devs flocking to eth than all other chains combined and multiplied by 9x

You ahve 0 arguments and heavy bags bro

Tell us what next eth you baghold KEK??

>>16029836
concept is fundamentally flawed. can't have decentralized smart contracts that are fast. oops, reality bites. exodus of eth developers to technologies that actually work and are useful kekekekeek

>>16029911
and for the past 3 years we've watched as ETH has utterly failed to deliver on the potential that crypto promises to bring. and we will watch for 3 more years as ETH continues to fail... but maybe it'll happen in 2022 or 2023 or 2025. mmmkay anon. how are you doing? think you'll be necking yourself when your bags drop sub $100 in 2021?

>>16029954
Such is?

Every person who accepts crypto donations accepts bitcoin and if they accept a second coin its ethereum. Every crypto enabled atm has ethereum. It runs 90% of the crypto market.

Would you build on a platform thats unlikely to exist in 2 years?

>>16029954
oh yes you can. it all depends on your definition of decentralized and fast. 100x that of ETH, easy.

>>16029979
Ok enlightenus why by your logic last 2 years no chain took eths palce and 0 developers left eth you fucking mongoloid

>>16029954
>fast good
>centralized not important

how come <any shitcoin faster than bitcoin> isn't number 1 then
or why <any smart contract shitcoin faster than eth> not toppling eth?

>>16029992
>>16029992
>Would you build on a platform thats unlikely to exist in 2 years
yes. you get to test out your idea on a non-performant platform and polish your idea, then relaunch the polished product elsewhere. everyone would do this who had half a brain. mETH heads truly believe that devs are religiously loyal to ETH. only a cult thinks like this.

>>16029996
no faggot, buy more ETH and shill the fuck out of it. I'll shit all over you ever shill and when the day of the rope comes as you realize your mETH infused complacency lead you to financial ruin, I'll be there to wave goodbye.

>>16030022
And thats why you are not money skelly.

>>16028945
Love coins like ETH, LITE and also Telecoin.. i really believe that coins will be the dominationg investing option in 2020..

>>16030000
>or why <any smart contract shitcoin faster than eth> not toppling eth?
hyperledger is doing good, but it's ibm and not a shitcoin

>>16030043
okay. enjoy your night out on the town

>>16030022
Reveal your shitcoin already Pajeet McRanjesh, we want to laugh.

Bonus laugh points if it's FTM or ONE.

>>16030056
well it's not really a public blockchain software, so it's a bit like comparing apples to oranges.
My point is basically if it's not trustless, it's rubbish and will never succeed. (as a public blockchain)

>>16030042
Lol so much anger in eos bagholders.

I own 0 eth for now btw only btc since forever im just not retarded as you kek

>>16030057
really makes you think

>>16030120
Were Cardano niggers ever as bad as eos bag niggers?

>>16030173
No.

>70 posts
>21 posters

>>16030173
dont thinks so...

Well cardano is kinda still proof of concept so cant really criticize if nothing still out there it but eos is just fucking anoying because its fast database and shills are obnoxious.

>>16029599
Based.
Redpilled.

>>16030165
really makes you think

>>16030000
>>16029995
ETH leads because it leads. It's a network effect and there's only room for once leader, since there are barely any non-enterprise smart contract users (those will use custom enterprise blockchains).

"100x ETH easy". There is no way to even estimate when they will be done. They are arrogant fools diving into untested zero knowledge cryptography and game theory principles looking for a eureka moment to join together all of the contradictory requirements and there is no reason to think such a solution exists. You're looking at an adderall-fueled IQ honeypot funded by ICO plundering, burning out in slow motion.

>>16030790
yes - the solution to scaling ETH is to run your transactions through off chain servers and pretend that your killer crypto dapp or contract isn't just a less decentralized version of paypal

>>16030870
>there's only room for once leader

>>16030890
I mean there is no room for competitors because actual user activity is a hundredth of a percent of what would justify the existence of the ETH platform if it weren't for speculation. I.e. nobody uses it. There are literally no people to say "I like this platform, but the transactions there are faster -- guess I have to switch!"

>>16031224
dev experience anon. users will interact with an app on their smartphone. for that, it does not matter which platform they use but long transaction times are annoying and problematic. give devs better tooling and a better experience with a richer language, they'll will use it

>>16029471
this level of delusion is unforgivable , a friend of mine said the same but looking into "strait to $750" is a fucking meme lol , keep on holding that bag .
T.sold @190

>>16029582
>goes from low 3k to hi 100k tps so avrg 55k kish...

you need more tx than that for a "world computer " a LOT MORE.
what about 1M tx/s ?

>>16028945
Gimme ur efferium wyte boooy

>>16029657
Kys newfag lmfao